Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$539,673$526,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.35%7.24%
Blended rate6.9%7.48%
1st payment$3,439.73$3,588.09
2nd payment$0.00$0.00
Taxes / mo$303.08$303.08
Insurance / mo$166.67$166.67
MI / mo$253.37$105.30
HOA / mo$0.00$0.00
Total monthly$4,162.85$4,163.14
Cash to close$45,327$58,500